It's official! We've got another royal wedding on the horizon, and this time, it's Princess Beatrice's turn.
The Palace today announced the happy news for the 31-year-old, who will wed her boyfriend of a year, Edoardo Mapelli Mozzi.
Sharing an official statement to Twitter, the Palace announcement read: "The Duke and Duchess of York are delighted to announce the engagement of Her Royal Highness of York to Mr Edoardo Mapelli Mozzi."
According to the statement, the eldest daughter of Prince Andrew and Sarah Ferguson became engaged during a trip to Italy with her now fiance and they will tie the knot in 2020. So dust off your hat because we have another royal wedding to prepare for!
"We are extremely happy to be able to share the news of our recent engagement," the lovebirds revealed in the official statement."
"We are both so excited to be embarking on this life adventure together and can't wait to be married. We share so many similar interests and values and we know this will stand us in great stead for the years ahead. full of love and happiness."
Beatrice's proud parents Prince Andrew and Sarah Ferguson also shared their thoughts revealing: "We are thrilled that Beatrice and Edoardo have got engaged, having watched their relationship develop with pride. We are the lucky parents of a wonderful daughter who has found her love and companion in a completely devoted friend and loyal young man. We send them every good wish for a wonderful family future."
The groom's parents Mrs. Nikki Williams-Ellis and Mr. Alessandro Mapelli Mozzi added, "We are truly delighted about Edoardo and Beatrice's engagement. Our family has known Beatrice for most of her life. Edo and Beatrice are made for each other, and their happiness and love for each other is there for all to see. They share an incredibly strong and united bond, their marriage will only strengthen what is already a wonderful relationship."
The news was met with glee from royal fans, who are thrilled at the prospect of another royal wedding to enjoy.
The original tweet from Buckingham Palace has already garnered thousands of likes and re-tweets as the world celebrates the happy news.
And what's even sweeter are the three official photos of the happy couple shared by the royal family.
In the trio of pics, Princess Beatrice is simply glowing in her floral Zimmerman dress as she and Edo share a sweet embrace. And if that wasn't sweet enough, the photos were taken by none other than Beatrice's younger sister, Princess Eugenie!
Beatrice's sister (and official engagement photographer) Eugenie sent her own message of congratulations out via social media, and it brought a tear to our eye!
"Beabea - wow! I'm so happy for you my dearest big sissy and dear Edo. It's been a long time coming and you two are meant to be. 📷 by me!!" she penned on her personal Instagram account.
And just when we didn't think the announcement could get any more emotional, Sarah Ferguson shared four unofficial photos from the engagement photo shoot that showcased the bride and groom to be's playful sides.
"I know what a mother feels so I have tears of joy. I am so proud of this sensational news. Andrew and I are just the luckiest people ever to have two great sons in law. @princesseugenie took the colour photographs as my girls are so close. Beatrice and Edo wanted her to capture this special moment."
The Duchess of York then revealed that the black and white photos were taken by Misan Harriman at Royal Lodge, Windsor Great Park and shared a beautiful quote from the photographer that sums up the happy couple's relationship.
"Everything clicks when they are together and that's exactly what my lens captured. It was an honour to observe and document such love."
It is understood Beatrice and Edoardo began dating in mid-late 2018, having struck up a relationship around September ahead of younger sister Princess Eugenie's royal wedding in October.
It seemed the pair recognised they were the real deal from the get-go. He was introduced to Beatrice's parents Sarah Ferguson and Prince Andrew quickly, and the pair enjoyed a private holiday within the first few months of becoming official.
At the time they first met, a source told The Sun: "Things are moving very quickly and it wouldn't surprise anyone if they got engaged within a short period of time."
It seems they certainly were onto something!
It is also understood Beatrice met Edoardo via a mutual friend, and the pair reportedly "hit it off instantly and have a real laugh together".
In March 2019, the couple made their first official outing as a couple on the red carpet at the annual Portrait Gala in London.
The pair looked every bit the glamorous couple they are, with Beatrice wearing a gorgeous red velvet dress and the very dapper Edoardo wearing a black tuxedo.
The very public moment for the pair marked a string of joint appearances to follow.
In May, the pair attended cousin Gabriella Windsor's royal wedding at St George's Chapel in Windsor.
There, they were pictured together alongside Beatrice's mum Sarah Ferguson. This was ample proof to show Beatrice's beau was already getting comfortable in the royal fold.
In July, the couple sent hearts racing when Beatrice was spotted with a gorgeous new piece of jewellery that appeared to hold a very sentimental meaning.
The pair, who were having a date night together, were seen looking very loved-up as they visited Annabel's Member's Club in Mayfair.
But it was Beatrice's shiny new gold bangle that commanded our attention - the letter 'E' was engraved on it.
In August, editor of Majesty magazine Ingrid Seward told Hello! that Beatrice and Edoardo were going to get married as early as the next British spring or summer.
"They're going to get married – I was told by a member of the family."
"I think a wedding as early as next spring or summer is likely."
Well, it looks like her claims had merit, and we couldn't be happier for it!
Edoardo, also known as "Edo" is a multi-millionaire property developer, according to The Sun.
He is in his mid-30s, and has a son named Wolfie, who is around three years old.
It is believed Beatrice and Mozzi have been in the same circles for some time. Town and Country reports the pair both attended the same wedding back in 2014 in Italy.
His stepfather was also known British political operative Christopher Shale.
Shale, who sadly passed away at famed British music festival Glastonbury 2011, was believed to be a friend of both Prince Andrew and Sarah Ferguson.
Edo later co-founded a charity inspired by his late stepfather. The charity, Cricket Builds Hope, supports and teaches Rwandans how to play cricket.
It seems the savvy businessman and social entrepreneur is a perfect fit for Beatrice.
Now bring on the next royal wedding!
WATCH BELOW: Princess Beatrice arrives at Princess Eugenie's wedding: